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Bitcoin Hovers Near $110,000 as $1B Liquidations and ETF Outflows Jolt Crypto Market

ETF withdrawals alongside a leverage purge are pressuring crypto demand.

Overview

  • After Thursday’s washout, bitcoin traded around $109,000–$110,000 and ether reclaimed roughly $4,000 in a choppy Friday rebound.
  • Data providers logged roughly $1.1 billion in liquidations on Thursday and about $3 billion across recent sessions, with more than 200,000 traders forced out of positions.
  • Spot bitcoin ETFs saw $258.4 million in outflows Thursday and about $725 million since Monday, with BlackRock’s iShares fund the lone gainer.
  • Market mood slid to “fear” as the Fear & Greed Index hit 28, even as August PCE inflation met forecasts and earlier macro data reduced near‑term Fed cut odds.
  • Analysts are watching key levels—around $107,000 and $102,000 for bitcoin and near $3,900 for ether—while on‑chain trackers flagged a 60,333 ETH OTC accumulation during the dip.